Net profit was NT$1.5 billion in the fourth quarter of last year. Despite the quarterly decline, net profit rose 6.4 percent annually from NT$1.39 billion. The chipmaker said that it aims to limit the new fab’s erosion of its gross margin to within 5 percentage points this year. “At the moment, we still see our customers showing very strong demand through the second quarter,” Vanguard chairman Fang Leuh (方略) told investors during a teleconference. “We have two months of [order] visibility until the end of the second quarter,” Fang said.

Source: Taipei Times April 28, 2020 15:56 UTC